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ajinkyadiwakar717

SGX prediction based on support resistence levels

Long
GIFT NIFTY 50 INDEX FUTURES (NSEIX:NIFTY1!)  
ajinkyadiwakar717 Updated   
NSEIX:NIFTY1!   GIFT NIFTY 50 INDEX FUTURES
Trend Analysis Chart Patterns sgxnifty sgxnifty50futures sgxniftychartanalysis sgxnifty50 sgxniftyanalysis sgxlong SGX
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trendanalysis chartpattern sgxnifty sgxnifty50futures sgxniftychartanalysis sgxnifty50 sgxniftyanalysis sgxlong sgx
NIFTY1! sgxnifty has formed a nice parallel channel going upwards, after breaking the daily trendline we can expect a sideways pause and then more upside till 18000 level above 17750 closing,

current fresh support zones are 17592/17569 and 17499/17480.

if we gwt a parallel channel break on down side then we might retest 17500,17480 support zones before starting upside journey again.

Comment:
sgx parallel channel break+retest, watch for sideways or down move ( channel break+retest logic).
Trade closed: target reached
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